THE FINANCIAL: “TAX CUTS – THE INEVITABLE STEP TO DEVELOP A COUNTRY OR A POLITICAL TRICK TO ENTICE VOTERS?”

The main purpose of Georgian political parties is not to increase government revenue per se, but to stimulate economic growth, the newspaper states. Therefore, author of the article points, it is important to study relationship between tax burden and economic growth – in effect, estimate a modified version of the Laffer curve using Georgian data.